1Chen S. W and Lin J. L (2000b)," Identifying Turning Points And Business Cycles In Taiwan :A Multivariate Dynamic Markov-Switching Factor Model Approach," Academia Economic Papers, 28: 3, 289- 320.
2Frankel, J.A., and A.K. Rose (1996), "Currency Crashes in E-merging Markets: An Empirical Treatment, " Journal of International Economics, No. 41, pp.351-366.
3Goldfajn, I., and R.O. Valdes (1997), "Are Currency Crises Predictable?" European Economic Review, No. 42, pp.873-885.
4Kaminsky, G.L., S. Lizondo, and C.M. Reinhart (1998) ,"Leading Indicator of Currency Crises," IMF working paper, 97/79.
5Kwon C. S. and Shin T.S. (1999), "Cointegration and Causality Between Macroeconomic Variables and Stock Market Returns", Global Finance Journal, 10, 1, 71-81.
6Lee, B. S. (1992), "Causal Relations Among Stock Returns, Interest Rates, Real Activity and Inflation", Journal of Finance, 47 (4), 1591-1603.
7Mookerjee R. and Q. Yu (1997), "Macroeconomic Variables and Stock Prices in a Small Open Economy: The Case of Singapore", Pacific-Basin Finance Journal, 5, 3, 377-388.
8Schwert, G. W. (1989), "Why Does Stock Market Volatility Change Over Time. ", Journal of Finance, 44, 5,1115-1153.
